Doosan Enerbility has signed a construction contract for a gas combined cycle power plant in Saudi Arabia worth 2.2 trillion won.
Doosan Enerbility noted on the 13th that it has signed a construction contract for the 'Saudi Rumah 1, Nayriya 1 gas combined cycle power plant' with the project developer, the Korea Electric Power Corporation consortium. The KEPCO consortium consists of KEPCO, the Saudi Electricity Company (SEC), and ACWA Power, Saudi Arabia's largest independent power producer.
Doosan Enerbility plans to complete the power plant by 2028 in a separate consortium with the construction company Sepco3. The project will be conducted using the engineering, procurement, and construction (EPC) method, which encompasses all processes from design to equipment supply, installation, and commissioning.
The Rumah 1 and Nayriya 1 projects, commissioned through international bidding by the Saudi Power Procurement Company (SPPC), are centered on constructing one 1,800 MW (megawatt) gas combined cycle power plant each, located 80 km and 470 km northeast of Riyadh, respectively. Additionally, it is planned to sell the generated electricity to SPPC for the next 25 years. The KEPCO consortium signed a power purchase agreement (PPA) with SPPC last November.
Lee Hyun-ho, head of Plant EPC BG at Doosan Enerbility, said, "This contract is a case that once again demonstrates Doosan Enerbility's construction execution technology and competitiveness in line with the growing energy demand in the Middle East on the international stage."
Recently, electricity demand in Saudi Arabia has been steadily increasing. According to market research agency Mordor Intelligence, the capacity of Saudi Arabia's electricity facilities is expected to grow from 92.9 GW (gigawatts) in 2025 to 123.2 GW in 2030, indicating an annual average addition of 6 GW in new power plants.